Mellor Park Mall | El Dorado, AR
Sands Investment Group is Pleased to Exclusively Offer For Sale the 237,519 SF Mellor Park Mall Shopping Center Located at 1826-2133 North West Avenue in El Dorado, AR. Mellor Park Mall is the Dominant Shopping Center in El Dorado and Includes a Strong National Tenant Mix Including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show and Applebee’s. The Vacancy and Potential Redevelopment of the Oversized Lot Allows an Investor to Recognize NOI Appreciation and Potential Future Development, Providing a Secure Investment With Great Returns.
- Mellor Park is the Dominant Shopping Center in El Dorado and Boasts a Strong National Tenant Mix Including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show and Applebee’s
- Value-Add Regional Mall: Property is Currently 77.5% Occupied, Creating an Opportunity For NOI Appreciation By Filling the Vacant Suites; Proforma NOI is Estimated to Be $1,609,726 (Current NOI of $1,180,745)
- Future Development: The Large Parking Field in the Rear Has the Potential For Redevelopment With Approximately 5 Acres of Developable Area
- The Site Includes Three (3) Pad Sites: Applebee’s, Yamato Japanese Restaurant and Red River Credit Union, Providing Flexibility in Future Exit Strategy
- Bealls Has Executed a 10-Year Lease and Just Opened For Business in October 2024
- Starbucks (Not Part of the Offering, But Also Available For Purchase) is Under Construction and is Expected to Be Open For Business April 2025
- El Dorado is Home to Murphy USA (3,500 Employees); Delek US Holdings (600 Employees); Lanxess (500 Employees), South Arkansas Regional Hospital (860 Employees) and South Arkansas Community College (1,253 Students), Providing a Stable and Growing Economy
- Arkansas is a Non-Disclosure State and is Well Known For Being Business Friendly, Recently Named #3 State to Start a Business (Forbes 2023)
In Cooperation With Sands Investment Group Arkansas, LLC – Lic. #PB00085157 BoR: Andrew Ackerman – Lic. AR #PB00085157
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